LMP Real Estate Income Fund Inc. (NYSE:RIT) (the “Fund”) and Legg Mason Funds Trust (“LM Trust”), on behalf of its series ClearBridge Real Estate Opportunities Fund (“CRO”), today announced the results of the votes cast at the Fund’s Special Meeting of Stockholders held on May 18, 2016.

Stockholders of the Fund voted to approve the merger of the Fund with and into CRO, a series of LM Trust, in accordance with the Maryland General Corporation Law and the Maryland Statutory Trust Act (the “Merger”). The Merger is expected to be effective on the close of business June 10, 2016.

Upon completion of the Merger, each share of common stock (including fractional shares) of RIT will convert into an equivalent dollar amount (to the nearest $0.001) of Class O shares of CRO, based on the net asset value of RIT on the date preceding the Merger. LM Trust is a newly organized, open-end management investment company and currently has only one series, CRO, which is non-diversified.

To facilitate the transition from a closed-end fund to an open-end fund, after the close of business on June 6, 2016, shares of common stock of RIT will cease trading on the New York Stock Exchange (the “NYSE”). After that time, holders of common stock of RIT will not be able to sell their shares on the NYSE and their investment will be temporarily illiquid. However, assuming the Merger occurs on June 10, 2016, effective June 13, 2016, the first business day following the Merger, CRO shareholders may redeem their shares at net asset value, subject to a redemption fee of 1.00% for a period of 12 months following the Merger. Immediately following the Merger, former RIT stockholders will be the only holders of Class O shares of CRO. It is anticipated that CRO will offer other classes of shares, in addition to Class O, at a future date, which may have different fees and expenses.

LMP Real Estate Income Fund Inc., a closed-end management investment company, and CRO, a series of LM Trust, an open-end investment company, are managed by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and are sub-advised by ClearBridge Investments, LLC, which is also a subsidiary of Legg Mason, Inc.

THIS PRESS RELEASE IS NOT AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SHARES OF THE FUND OR LM TRUST. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE CURRENT PLANS AND EXPECTATIONS OF THE FUND AND LM TRUST, AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND UNCERTAINTIES ARE OR WILL BE CONTAINED IN THE FUND’S AND LM TRUST’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

For more information, please call 1-888-777-0102 or consult RIT's web site at www.lmcef.com